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Re: mrinvestor08 post# 56892

Wednesday, 07/08/2020 5:43:47 PM

Wednesday, July 08, 2020 5:43:47 PM

Post# of 64330
Yes, two notes are due in August, totaling $578k.
The difference here is that CCTI has the option to prepay the notes to prevent conversion... The previous two, totaling $556k, they could not.
Unless management can secure new financing or complete a license agreement before they are due, which is not likely, we can expect more of the same.
I have no idea when those notes are due for conversion in August, but we should have a breather for a few weeks... plenty of time for CCTC to rebound, especially if/when the kiln is finally delivered. Who knows, if the rebuild is nearing completion and we see photos, we might weather the storm pretty darn well... If not, we could see the south side of a penny.